|Poster:||dead-head_Monte||Date:||Apr 24, 2012 8:30am|
|Forum:||occupywallstreet||Subject:||College students are OCCUPIED!|
Even in lean times, the $400 billion business of higher education is booming. Nowhere is this more true than in one of the fastest-growing — and most controversial — sectors of the industry: for-profit colleges and universities that cater to non-traditional students, often confer degrees over the Internet, and, along the way, successfully capture billions of federal financial aid dollars. In College, Inc., correspondent Martin Smith investigates the promise and explosive growth of the for-profit higher education industry. Through interviews with school executives, government officials, admissions counselors, former students and industry observers, this film explores the tension between the industry — which says it's helping an underserved student population obtain a quality education and marketable job skills — and critics who charge the for-profits with churning out worthless degrees that leave students with a mountain of debt. At the center of it all stands a vulnerable population of potential students, often working adults eager for a university degree to move up the career ladder. FRONTLINE talks to a former staffer at a California-based for-profit university who says she was under pressure to sign up growing numbers of new students. "I didn't realize just how many students we were expected to recruit," says the former enrollment counselor. "They used to tell us, you know, 'Dig deep. Get to their pain. Get to what's bothering them. So, that way, you can convince them that a college degree is going to solve all their problems.'"
|Poster:||Monte B Cowboy||Date:||Apr 10, 2013 1:30pm|
|Forum:||occupywallstreet||Subject:||Re: College students are OCCUPIED!|
April 10, 2013 | reported by Annalyn Kurtz | CNNMoney.com
The Class of 2013 will face an "extremely difficult" job market when college students graduate in the months ahead, according to a new research report.
Unemployment remains high for young college grads. For those who will find jobs, many will probably have to settle for low-level positions, the Economic Policy Institute said Wednesday.
The unemployment rate for recent college grads between the ages of 21 to 24 has averaged 8.8% over the last year, according to Labor Department data.
Once you also include young grads who are working part-time for economic reasons, and those who have stopped looking for a job in the last year, the so-called "underemployment rate" is a whopping 18.3%.
Sure, the job market has improved during the past few years. But both these rates remain higher than pre-recession levels.
And young graduates with jobs may be questioning whether college was worth it.
As of 2012, about 52% of employed college grads under age 25 were not working in jobs that require a college degree, said Andrew Sum, an economist at Northeastern University. That's up from 47% in 2007 and 40% in 2000.
But EPI said the job problem for recent college grads stems more from weak demand for goods and services, rather than a lack of the right education or skills.
(meanwhile... the Dow Jones and S&P closed at new Record Highs in a Broad Rally today. Whatever happened to the middle class?)